The Bradford Company issued 10% bonds, dated January 1, with a face amount of $93 million on January 1, 2016. The bonds mature on December 31, 2025 (10 years). For bonds of similar risk and maturity, the market yield is 12%. Interest is paid semiannually on June 30 and December 31. Determine the price of the bonds at January 1, 2016 Prepare the journal entry to record their issuance by The Bradford Company on January 1, 2016 interest on June 30, 2016 and interest on December 31, 2018 at the effective rate